American Woodmark (NASDAQ:AMWD) Hits New 1-Year Low – Here’s Why

Shares of American Woodmark Co. (NASDAQ:AMWD) reached a new 52-week low on Wednesday . The company traded as low as $76.19 and last traded at $76.19, with a volume of 4378 shares trading hands. The stock had previously closed at $78.07.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AMWD shares. Robert W. Baird boosted their target price on American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Loop Capital decreased their target price on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $114.00.

American Woodmark Price Performance

The firm has a 50-day moving average of $88.34 and a 200 day moving average of $89.54. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05. The company has a market capitalization of $1.16 billion, a PE ratio of 11.51 and a beta of 1.61.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings data on Tuesday, November 26th. The company reported $2.08 earnings per share for the quarter, missing the consensus estimate of $2.37 by ($0.29). American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The company had revenue of $452.50 million for the quarter, compared to analysts’ expectations of $458.29 million. During the same period in the previous year, the firm earned $2.36 earnings per share. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis.

Insider Transactions at American Woodmark

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $90.10, for a total value of $315,350.00. Following the completion of the sale, the chief executive officer now owns 106,432 shares in the company, valued at $9,589,523.20. This represents a 3.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James G. Davis sold 1,250 shares of American Woodmark stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $80.79, for a total value of $100,987.50. Following the transaction, the director now directly owns 24,573 shares in the company, valued at approximately $1,985,252.67. The trade was a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,750 shares of company stock worth $1,108,223 in the last quarter. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Hsbc Holdings PLC boosted its stake in shares of American Woodmark by 195.0% in the second quarter. Hsbc Holdings PLC now owns 10,457 shares of the company’s stock worth $820,000 after acquiring an additional 6,912 shares during the period. Intech Investment Management LLC bought a new position in shares of American Woodmark during the 3rd quarter valued at about $749,000. Barclays PLC grew its position in shares of American Woodmark by 267.9% during the third quarter. Barclays PLC now owns 31,316 shares of the company’s stock valued at $2,927,000 after purchasing an additional 22,804 shares in the last quarter. Creative Planning bought a new stake in shares of American Woodmark in the third quarter worth about $312,000. Finally, Franklin Resources Inc. boosted its stake in American Woodmark by 249.1% during the third quarter. Franklin Resources Inc. now owns 101,746 shares of the company’s stock valued at $9,572,000 after buying an additional 72,600 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

American Woodmark Company Profile

American Woodmark Corporation manufactures and distributes kitchen, bath, office, home organization, and hardware products for the remodelling and new home construction markets in the United States. The company offers made-to-order and cash and carry products. It also provides turnkey installation services to its direct builder customers through a network of eight service centers.